QUESTION ONE [35] CASH BUDGET YONA BRAND HAS THE FOLLOWING PROJECTIONS FOR THE YEAR 2020 1. Sales . : 110 000 January February : 120 000 March : 140 000 e April : 143 000 70% of the sales will be on credit 2. 3. Credit sales will be collected as follows: 50% will be collected on the month of sale 30% will be collected on the second month . 15% will be collected on the third month 5% will be written off 4. Purchases will be as follows: 5. 6. January : 90 000 February : 87 000 March : 93 400 April : 86 500 90% of purchases are on credit Purchases will be paid as follows: 70% on the month of purchase 15% on the second month after purchase 15% on the third month after purchase Favourable bank balance on January 2020 of: R56 000 Salaries will be paid at R15 000 on January and 10% increase thereafter per month 7. 8. 9. Purchase of equipment of March 2020 : R45 000 An investment of R15 000 will be made by the Yona Brands on February 2020 10. Required 1.1 Prepare a projected debtors schedule of Yona Brands for February, March, April and May 2020 (14) 1.2 Prepare a projected purchases schedule of Yona Brands for February, March April and May 2020 (14) 1.3 Prepare the cash budget of Yona Brands for February, March, April and May 2020 (7)